Tommy Dobczyk and a co-speaker evaluate development options for Oklahoma highway land. An RV park with flex subdivision offers the highest upside but more execution risk. Lower-risk alternatives include commercial pads for truck repair and outdoor storage, vehicle dealerships on lease, and billboards, though Oklahoma DOT limits billboard faces to 1,200 sq ft.
Chapters
Are you pitching deals in the deal room? It basically said highest upside but more execution risk is the RV park and small bay flex hybrid subdivision, meaning frontal frontage commercial pads, like so that people driving down the highway can see, like, ready for this, truck tire repair shop.
You know, I wonder if it would be, I mean, how many like signs you could erect, you know, for, for to rent out for advertisements.
Well, billboards, usually only one, and ready for this, billboards are pain in the butt to get permits on. They're so— it's such a good old boys network, and unless you have one, they're $5,000, $10,000 per sign. Go ahead and put right in there how many— for the highway frontage, how many billboards could— based on highway frontage, how many billboards can we have on this property? And what are the rules to the Oklahoma DOT as far as electronic billboards? So at the, at the end of it, It basically said highest upside but more execution risk is the RV park and small bay flex. What the area needs most is outdoor storage, truck and trailer parking, contractor yards, frontage commercial pads for vehicle and traveler-oriented users. Like you could, I don't know where the nearest car dealership is, but I know those Chevy dealerships like to have a lot of land and they like to lease it all up. They don't want, they don't want to own it at all. So if you can get a Chevy dealership to come out there or Ford dealership dealership. I'm not a big fan of Ford, but Dodge, any of those, even, even if it was just any kind of vehicle dealership, that's going to be a huge thing for that. And they only need like 5 to 10, maybe 15 acres at most, you know.
I like that. That I told you, I have some people that are already looking for land to purchase so that they can park stuff on. That's what— that's their whole business model, and they're making like $100 grand a month profit.
So the billboard caps— caps for billboards are 1,200 square foot facing, 25 foot high, 60 foot long. Maximum count likely 0 or 1. It's like likely 0 or 1.
